Vietnam’s dong declines as central bank weakens reference rate

Vietnam’s dong declined Thursday after the central bank set its daily reference rate at the weakest level since at least 2005. Government bonds were steady...

Vietnam Su Tu Den output down 40pct to 50,000bpd: KNOC

Output from Vietnam's Su Tu Den oilfield has slid by 40 percent to about 50,000 barrels per day (bpd) and could stay around that level for a decade or more, Korea National Oil Corp (KNOC), one of the operators, said on Thursday....

Europe seals deal to contain debt crisis

Europe sealed a last-ditch deal Thursday to fix its festering debt crisis, shoring up its bailout fund, pledging new funds for Greece and pushing banks to share the pain at a summit vital to the health of the global economy....

Olympus chairman quits; watchdog probes firm on disclosure

Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value, but his successor stuck with the company's line that it had done nothing wrong....

Nokia proclaims new dawn with Windows phones

Nokia unveiled two sleek new Microsoft Windows phones Wednesday, a first step in the ailing cellphone maker's fightback against Apple and Google...

Vietnam’s HAGL drops to lowest since June 2009 as earnings fall

HAGL Joint-Stock Co., Vietnam’s second-biggest listed real estate company by market value, on Wednesday tumbled to the lowest level since June 2009 in Ho Chi Minh City trading after posting net profit tumbled in the third-quarter...

Ex-Goldman director to face criminal charges: source

A former Goldman Sachs director, who also was once the global head of elite consultancy McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges, a person familiar with the investigation said...

Vietnam toughens up fines for gold, forex trading violations

The government said it has increased penalties for foreign currency and gold trading violations, raising the maximum fine to VND500 million (US$23,860)....

Vietnam slips in World Bank business-friendly rankings

Vietnam fell eight spots in terms of ease of doing business this year, even though the country has improved its ability to protect investors, a new World Bank survey found...

Vietnam’s bonds gain as central bank adds funds; dong declines

Vietnam’s bonds rose for the first time in a week on Tuesday after the central bank added funds to the financial system, raising speculation lenders will have more cash to invest in debt. The dong fell....